Latin America and the Caribbean: Market for Swine Bellies (Salted, in Brine, Dried or Smoked) 2024

Market Size for Swine Bellies (Salted, in Brine, Dried or Smoked) in Latin America and the Caribbean

In 2022, the Latin American market for swine bellies (salted, in brine, dried or smoked) increased by X% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Swine Bellies (Salted, in Brine, Dried or Smoked) in Latin America and the Caribbean

In value terms, production of swine bellies (salted, in brine, dried or smoked) rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight decline. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Swine Bellies (Salted, in Brine, Dried or Smoked)

Exports in Latin America and the Caribbean

Exports of swine bellies (salted, in brine, dried or smoked) shrank sharply to X tons in 2022, waning by X% compared with 2021 figures. In general, exports showed a slight contraction. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of swine bellies (salted, in brine, dried or smoked) declined markedly to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports of reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil represented the largest exporter of swine bellies (salted, in brine, dried or smoked) in Latin America and the Caribbean, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. Barbados (X tons) took the second position in the ranking, followed by Suriname (X tons), Costa Rica (X tons) and El Salvador (X tons). All these countries together held near X% share of total exports. The following exporters - Argentina (X tons) and Jamaica (X tons) - each resulted at a X% share of total exports.

Exports from Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Suriname (X%), Jamaica (X%), Barbados (X%), Argentina (X%) and Costa Rica (X%) displayed positive paces of growth. Moreover, Suriname emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, El Salvador (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Suriname, Barbados, Costa Rica, Argentina and Jamaica increased by X, X, X, X, X and X percentage points, respectively.

In value terms, Brazil ($X) remains the largest salted, dried, or smoked swine bellies supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Barbados ($X), with a X% share of total exports. It was followed by Costa Rica, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to X%. In the other countries, the average annual rates were as follows: Barbados (X% per year) and Costa Rica (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Barbados ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jamaica (X%), while the other leaders experienced more modest paces of growth.

Imports of Swine Bellies (Salted, in Brine, Dried or Smoked)

Imports in Latin America and the Caribbean

In 2022, approx. X tons of swine bellies (salted, in brine, dried or smoked) were imported in Latin America and the Caribbean; with an increase of X% compared with 2021 figures. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports of reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of swine bellies (salted, in brine, dried or smoked) skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico was the largest importing country with an import of around X tons, which resulted at X% of total imports. Puerto Rico (X tons) took the second position in the ranking, distantly followed by the Dominican Republic (X tons) and Bahamas (X tons). All these countries together took near X% share of total imports. The following importers - Guatemala (X tons) and Colombia (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to salted, dried, or smoked swine bellies imports into Mexico stood at X%. At the same time, the Dominican Republic (X%), Puerto Rico (X%), Guatemala (X%), Colombia (X%) and Bahamas (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Puerto Rico and the Dominican Republic increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported swine bellies (salted, in brine, dried or smoked) in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Puerto Rico ($X), with a X% share of total imports. It was followed by the Dominican Republic, with a X% share.

In Mexico, imports of swine bellies (salted, in brine, dried or smoked) increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Puerto Rico (X% per year) and the Dominican Republic (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Dominican Republic ($X per ton), while Puerto Rico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform